Israel to Supply Germany with Jet Fuel Amid Shortages Caused by Iran War
- Energy Minister Eli Cohen and Foreign Minister Gideon Saar announced Tuesday that Israel will supply jet fuel to Germany following a request from the German Energy Ministry, after the Fuel Administration determined a production surplus.
- Germany seeks alternative energy sources following closure of a critical shipping strait, prompting the German Energy Ministry to request assistance; Israel is also exploring natural gas exports to support its partner.
- Shipments remain contingent on the evolving security situation within the region, the Foreign Affairs Ministry noted, with all exports coordinated directly with refineries to manage logistics.
- Germany's chemical industry faces significant pressure, with The Ifo Institute reporting business morale at a three-year low in April due to supply chain disruptions linked to the Iran war, affecting one in three companies.
- Businesses view the current rise in demand as temporary and plan to cut back production in the coming months, though companies expect further price hikes to counter rising chemical costs.
16 Articles
16 Articles
In the midst of the energy crisis, Israel supplies kerosene to Germany. Israel's Foreign Minister Gideon Saar stated that this would be done at the request of the German Ministry of Economic Affairs and Energy.
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Despite high kerosene prices, it was said last time that the stocks in Germany were sufficient. Meanwhile, experts warn against bottlenecks. Now Israel is helping out according to its own information.
Despite high kerosene prices, it was said last time that the stocks in Germany were sufficient. Meanwhile, experts warn against bottlenecks. Now Israel is helping out according to its own information.
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